Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Increases By 2,000.0%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 46,200 shares, a growth of 2,000.0% from the October 31st total of 2,200 shares. Based on an average trading volume of 166,000 shares, the short-interest ratio is currently 0.3 days.

Rare Element Resources Stock Up 1.4 %

Shares of OTCMKTS:REEMF traded up $0.01 during trading on Wednesday, hitting $0.37. The stock had a trading volume of 17,319 shares, compared to its average volume of 122,187. The firm’s fifty day moving average is $0.38 and its 200 day moving average is $0.30. Rare Element Resources has a 12 month low of $0.13 and a 12 month high of $0.49.

Rare Element Resources Company Profile

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States and Canada. It holds 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeast Wyoming. Rare Element Resources Ltd.